The National Bank of Ukraine has announced the easing of a number of currency restrictions, effective from December 21. According to the NBU press service, these changes should not significantly affect exchange rate dynamics and the level of international reserves, but are aimed at supporting domestic producers and improving business conditions in Ukraine.
In particular, the ban on the purchase and sale of banking metals has been eased. Now legal entities and individual entrepreneurs will be able to buy and sell banking metals without physical delivery for non-cash hryvnias, if this is related to their production activities, in particular in the jewelry sector. To do this, companies must have appropriate documents confirming their activities in this industry before the start of a full-scale invasion.
This step will ensure stable work for Ukrainian jewelers, reduce the volume of imports of finished jewelry, and reduce business production costs due to the ability to directly purchase raw materials.
In addition, the NBU has expanded permission to purchase foreign currency for nuclear plant operators, which will ensure uninterrupted supplies of nuclear fuel for nuclear plants, which is important for Ukraine's energy security.
The unification of approaches to Eurobond payments was also continued, allowing Ukrainian companies to optimize the costs of paying coupons for Eurobonds to non-residents.
